The intelligencer. [volume] (Lexington, Mo.) 1887-1891, 1887-05-28
A GENUINE BOOM!

Ao4s
a S,roup nnd Responsible syndicate
formed, Ii chief Purpose of l
which Is to take Advant-
age Of the Increasing
value of Lexington ,
Real state
The Intelligencer for some weeks
past, while noting with pride and satls-
faction the unprece denied strides made
by Kansas City and Independence, has
pointed out the value Of real estate
right here in Lexington. Nowhere Oh
late, with such natural advantages, has
real estate continued to remain at so
conservative a price.
With we'll macadamized streets, good
hag-stone crossings, substantial stone
curbing and brick pavements; with as
fine a system of waterworks as there
is in the west; with gas works in the
hands of an enlightened, liberal
energetic gentleman-improvements
which have cost hundreds of thousands
of dollars; with inexhaustible mines
of the very best coal produced in
Missouri; with ONE manufactures
already established, and excellent
facilities for others; with unsurpassed
markets; with a phenomenal record
for healthfulness; and with the ap-
preaching completion of the best rail-
road in Missouri, the promise for q
rapid advance and demand for real
estate was inevitable.
More than this, real estate in Lexing-
ton is generally low, and below Its IN
trinsic value, with present conditions,
hence there is reason to look tor It's
advance even without the reflex from
the prosperity of Kansas City, the mar
velous metropolis of the new west,
which the Missouri Pacific will 10
bring within one hour of rs. Nowhere
can money so safely and certainly be
invested as in Lexington itself, and in
the farming lands surrounding 1t,
f which are among the most beautiful
and fertile on earth.
>. Realizing this a few discerning. pru-
i. dent gentlemen, all good business men,
| and who by their intimate acquaintance
with Kansas City and certain things
which they believe will certainly insure
= the success of their undertaking, have
! formed a company and made large i'll
yestments in and near Lexington thit
Z week.
q The parties are R. q. Estill, of Kan
n srs City, VIM. q. Hickman, Jno. G
Longdon, Geo. NJ. Mountjoy and Jas
: Wentw orth, of Lexington. Thes'
2 gentlemen have regularly incorporated
e under the laws of the state Of Missouri
9 as "The Lexington & Kansas Cit.
Land and Investment Company" will
O a capital stock of $50 900, which ma.
be and can be increased i%ndeinitel,
Y whenever necessity shall require. TIL
five gentlemen hold the stock in equs
If quantities., each one fifth. Their art
v Giles of association assert that the pul
?. pose of their organization is the buy
q ing, selling and improving of real estat
II in the counties of Lafayette and JACK
" son and the investment of capital.
to The first plan of the company is I
lay out and improve an addition
Mt Lexington on the east.
10 With this view it has this week pul
chased from Col. John Reid the Atkil
vs. son and Chanslor places, just east
the city, containing together 14O acre
ma for the sum of $20,0 00. Also fro
bv Mr.. j. W. Bayse 8 Ito acres of Ian
er without improvements, off the nor
lend of the Ireland tract" at $500 p
re- acre.
at Beside these lands the company b
as purchased from Mr.. John c. Youn
to the street railway. This is to be e
Mt. tended into the new addition on t
me east, and on the west as far as is
he euired by the charter. 1t will be l
be in first-rate order, and operated in
way to make it even a greater conve
fence in the future than it has been
the past.
H. The addition will be laid off il
'c'e streets. alleys, blocks and lots, in
OIL most desirable and attractive W
M Main, Franklin and South streets '
be extended through it, and everyth
will be done to render it a desira
'fo residence part of the city, which /
sure to become. The surveyors bel
'icn work upon it yesterday.
lis That this addition will be very de
emu able there can be no doubt. g.
an residence lots are already scarce
Que Lexington. These will be upon b
as and beautiful ground, overlooking
mas country round shout for miles.
ms. drainage will be perfect, hence he
all that could be wished. Water
90 gas will be easily extended, and
lng' street cars will place it within
apa' minutes of the courthouse. We
''er already heard quite a number OF
my sons say that they would purchase
seek ;, ~. n.u odd;t;on no soon 90 i
placed upon the market.
hink --
SIZED JUDGE SMITH UPON COL. MoOl
and LANDS CRITICISM.
have n,,